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of theion onthe ion use union address. here is what senate leader mitch mcconnel told me a molt ament a >> what he has been doing doesn't create jobs. >> all right later in the show as we prepare to hear the president's take on the economy. but will he make a compromise deal on the budget cut iting se quester. "the kudlow report" begins right now. >> first up, this evening let's set the scene for tonight. aamon joins us now from the hill. what is the buzz about tonight over there good evening to you. >> reporter: well good evening larry. if history is any guide, the last 12 to 18 months might represent the opportunity. after that, history shows that second term presidents tend to peter out a bit. the president knows what is at stake here tonight. but especially the economy we have exerts from what the president is going to say. he is going to say it is our generation's task then to ignite the true engine of economic growth. we are going to hear from republican senator marco rubio. he is going to give the official response. he says this opportunity to make it to the middle class or bey
a real budget cut. the u.s. postal service says it's ready to stop saturday delivery beginning this summer. it will save them $2 billion. unfortunately it's losing $16 billion a year. it's a start. more budget cuts may be coming. house speaker john boehner saying today he won't bail out the president when it comes to the sequester budget cut. and eric cantor says the spending cut sequester is going through. i will talk to mr. cantor in a little while. the u.s. and global stock market continues. japan is up 32%. first up this evening, neither snow nor rain nor saturday. the post master general today announcing the postal service will stop saturday letter deliveries. take a listen. >> a typical large organization would have either cash on hand or borrowing ability. two months worth of cash to cover operating costs. in october this year the postal service had less than four days of cash on hand. that's a scary situation. it's no situation that a business should be in. >> all right. sounds like it's time to close up shop all together and privatize the post office. four days of cash
joins us thousanow all the details. >> as you know, there are two ways to go about deficit reduction under the sequester law passed in 2011. one is the full ten year sequester. that's $1.2 trillion in budget cuts over ten years. the other is to do it piece meal. if do you it just for the rest of of the year, it would just be $85 billion. president obama said if congress can't agree with the full pack annual by march 1st, we need to do something smaller in the name of staving off damage to the economy, to consumer, and to federal workers. here's the president. >> if congress can't act immediately on a bigger package, about they can't get a bigger package done by the time the sequester is scheduled fto go into effect, then i believe they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a few more months until congress finds a way to replace these cuts with a smarter solution. >> now, of course the fundamental barriers separating the two sides on either a short term or long term deal is that p
president obama's re-election. and it looks like electoral chaos in italy. nobody better to tell us than sima. >> the dow jones industrial went from hitting a five-year high to a one-month low all in the same day. looks walk through this volatile day. we started out with a rally on wall street. strong earnings from lows initially providing a nice left to equities, but then results from the italian election started to trickle in, showing no clear winner. further points returning to results that would be inconclusive, which means italians would potentially have to vote again. u.s. ten-year yield moving lower as investors looked for safety in wake of the italian election. the fear index saw its biggest daily gain in over a year, indicating that fear is back in the game. the dow jones industrial ending the day with a triple-digit loss. clearly this italian election is testing investor sentiment, indicating that not only is the eurozone debt crisis not behind us, but it might take longer than expected to resolve the longer the italian election takes, the longer the push for reform and austeri
planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ >>> 150 points in the last hour and i have to tell you that was about as phoney as i have ever seen it. stay the course. wait for a higher take. i am jim cramer and i will see you tomorrow. >>> good evening, everyone. i am larry kudlow. this is the kudlow report. the bernanke rally is the fed chairman promises easy money as far as the eye can see but he also made news by speaking out against the sequester budget cutting plan saying it would damage the economy. it doesn't matter because the sequester will happen anyway on friday and we'll talk about all of that with senator tom coburn. meanwhile, president obama won't stop his sequester scare tack i can roadshow. he is calling it a self-inflicted wound on the economy and john boehner has it right telling democrats to get off their ass and pass a pill and with all due respect to my friends at cpac, they're nuts not to invite new jersey chris christie to speak at their upcoming convention. governor christie
to the non-partisan congressional budget office. they told us on tuesday this year they expect the economy to grow 1.4%. i don't think there's anybody listening to my voice on our financial news network of cnbc who likes that number, 1.4%. i suspect you don't like it either, larry. they said this fiscal contraction, including the sequester is cutting 1.5% off gdp growth, the difference between 1.4% and 2.9%. would you rather look at a 3.3 gdp growth in year? i would. that's what's upsetting people. >> the bigger question is, dan mitchell, do you buy the congressional budget office numbers? >> that's a conventional forecast. >> it may be a conventional forecast but it could also be wrong. dan mitchell, i want your professional opinion. we spent our heads off for the still luck package in 2009. this is still the worst economic recovery in the postwar period. dan, why not try limited government? or let me put it a different way, slightly less spending, is that good or bad for the economy? >> the congressional budget office is still wedded to the 1950s, 1960s style keynesian model. more govern
sequester scare tactics tonight. it's all a lot of bunk. first they told us budget cuts would hurt the recovery. then they told us they would compromise border security. now attorney general eric holder urns warns we could see crime running rampant in the streets. and finally, nancy pelosi says these budget cuts are like a childish tantrum. >> it's frivolous. it's irresponsible. it's immature. and it is not in the interest of growing the economy of our country. >> okay. fine. but you know what? it doesn't really matter what they say because the sequester is going through in two weeks. trust me on that. and we have crunched the numbers, and the sequester only cuts 1.2% of the spending for the whole year. that's it. 1.2%. but guess what? cutting the growth of government spending will help this economy, not hurt it. "the kudlow report" begins right now. of. >>> and we have a very special on-set group with us tonight. i am totally surrounded. it is ladies' anytime. we have "time" magazine's ra rana faruhar, reason magazine's kathy mangle ward, katie burk, and hollywood star and town ha
just let fedex help us to expand to new markets? hmm gotta admit that's better than a few "likes." i don't have the door code. who's that? he won a contest online to be ceo for the day. how am i supposed to run a business here without an office?! [ male announcer ] fast, reliable deliveries worldwide. fedex. [ male announcer ] fast, reliable deliveries worldwide. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. clamp. glitter. [ male announcer ] staples makes it easier to get everything your business needs. even custom banners. and now get 50% off banners and posters. staples. that was easy. >>> i like to say there is always a bull market somewhere. i promise to try to find it just >>> good evening, everyone. i'm layer ear kudlow. this is the "kudlow report." the democrats led by harry reid are finally coming out wi
is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ >>> all right. last week, everybody went into panic and sold, and i'm giving you permission tomorrow if you would like to sell in an up tick. because that's buy low and sell high. there is always a bull market somewhere. i promise to try to find it for you on "mad money." i'm jim cramer. i had see you tomorrow. stock markets continue to roar on the strength of ben bernanke's second straight dave easy money testimony. dow soared another 175 points and just 89 points from its all time closing high. you know what else? i still believe stocks like the budget cutting sequester. limited growth is good for stocks. chris christie brings online gambling to new jersey in order to throw atlantic city a life line and collect some revenue sos they can cut tax rates across the board for everybody. this is "the kudlow report" and we begin right now. >>> before we jump in let me give you my continuing optimistic view of this market. yes the fed
jobless claims really makes this an untimely end for the jobs council. here now to talk to us about it is senator moran. you were working with the jobs council, were you not? >> absolutely. and i think they have a collection of very valuable members of the business community with expertise that members of congress both republicans and democrats found valuable. they relied upon it. they had credibility. and while they haven't met for a year and while i'm always interested in getting rid of unnecessary government bureaucra bureaucracies, commissions and committees, this is one that i think could be very helpful, has been very helpful and i am disappointed the see it come to an end. >> but i thought this really was just kind of show horse stuff. window dressing stuff. trying to say to the public hey, i really don't think they're all fat cat bankers, some of these are good businessmen. i mean, i never saw some major substance come out of this. >> well, i would say that this is evidence one more time of the president appointing a commission, appointing a committee, and then not even util
.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> i'd like to say there's a bull market somewhere. i promise to find it just for you. right here on "mad money." i'm jim cramer. and i will see you tomorrow. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." the holy father pope benedict xvi announced he will abdicate at the end of this month. health concerns and his worry that he will not be able to adequately lead the world's catholics are the main reasons why. is this a lesson to the world's politicians and ceos? i say you bet it is. >>> also tonight, president obama's state of the union address tomorrow night supposed to be about improving the economy and saving jobs. but i'm hearing tax increases. do they have any faith in this white house? what are they worried about? and can the stock market rally continue if wa
. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ >>> there's always a bull market somewhere. i promise to try to find for you right here on "mad money." i'm jim cramer, and i will see you monday! >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." the sequester scare tactics continue. today's latest warning came from transportation secretary ray lahood, who says our flights should be delayed by 90 minutes. delayed by 90 minutes. really. if you fly out of newark, you should be so lucky to get out in 90 minutes. but seriously, folks. i still believe lower spending and limited government is very good for economic growth and hence i still favor the sequester. however, the defense department should have much more flexibility so we don't endanger our national security and military readiness. general barry mccav raye will weigh in on that. and speaking of growth, despite some overbaked consumer pessimism, stocks bounced back today as the dow finished
to do. >> this whole line about a war going on against the tea party has nothing to do with us. we want to institute what william f. buckley calls his rule to elect the most conservative candidates in primaries capable of winning in generals. when it comes to supporting tea party candidates american crossroads and crossroads gps are bigger supporters than anyone. we spent $30 million helping conservative candidates like richard murdoch, todd akin before he said the crazy stuff in these things. this is not a war against the tea party. this is a matter of trying to get candidates who can speak on disciplined messages, raise money -- >> you didn't support them during the primary. you did not. jim demint did. >> we have not been involved in primaries until this point. >> keep it that way. that's my point. mike, i don't want karl rove, as much as i respect him, why should they be involved in primaries? why should they push the old establishment tired old republicans? i want new blood, new messages. i want more ted cruzs. they would never support ted. >> you're right. the problem is this is a
try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus. this is the pursuit of perfection. >>> i always like to say, there is a bull market somewhere. and i promise to find it just for you, right here on "mad money." i'm jim cramer, and i will see you tomorrow. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." president obama took to the road today selling last night's state of the union message. regrettably i have to say i think i heard one of the most interventionist, regulatory heavy and government-planning messages in the history. still more infrastructure, even capping climate change and all i wanted was full fledged tax reform or maybe the keyst
of political pressure you put on us and the scare tactics you have about the potential job losses. >> will we see last minute negotiating? >> i think so. it will go right up to that march 1st deadline. >> question, this comes from john boehner's press secretary. republicans are open to closing loopholes. as long as the savings are not used to finance deficit spending. now i didn't know the republicans right now are open to closing loopholes and if we close the loophole i would like to take that money and put it into lower marginal tax rates. what is boehner's man saying. why so hinting they would open to close loopholes? >> what he's talking about -- i was going to add he doesn't have any authority to raise taxes. boehner will lose his caucus if he's for any tax increase. >> hi, rogers. good to see you. >> sorry. you said talk. i thought you said talk. >> go ahead. bob costa, tell me this isn't true. this can't be true they are not talking about another tax hike. >> they think they got burned about that fiscal cliff tax that at least let some of those new revenues come in with the bush tax ra
side path right now, i dare say if washington doesn't bomb us with a mega ton of taxes on investment we should be okay. nothing's ever perfect. and corrections are going to come and go. but all this, i see the stock market running up for a good while. now, let's get some advice on how to play it or disagree with it. go to our distinguished panel. ryan kelly, co-founder of shelter harbor capital. jim iuorio, director at tjm institutional services, and cnbc contributor jim pethokoukis. i want to go to b.k., brian kelly first. do you buy the rally continuing? how do you play this? what do you do right now? this is almost like a technical portfolio manager's question. >> yeah. i think probably the best thing you do right now is you take profits on a tremendous run that we've had since january 1st. if you want to actually still capture some of that up side, you can use options so you control your down side. i mean, if you just kind of look at any market, as you said, we're going to get some pullbacks here. what scares me is at bottoms everything looks awful and at tops everything looks fanta
john harwood joins us with the details. good evening. >> reporter: good evening, larry. today was a day of public posturing not only by the president, but the heads of the presidential commission from a couple years ago. first of all, the president tried to put pressure on them, who have complained that we need to only do spending cuts. he's saying, no, we need to do revenue as well to avoid some of those dire consequences. as for spending cuts, he said if you go along with revenue, i'm going to agree to some extending cuts. here's the president. >> i am willing to cut more spending that we don't need, get rid of programs that aren't working. i've laid out spchb -- achieve the same amount of health care -- as proposed by the bipartisan simpson bowles commission. >> the leaders of that commission said they are pushing both sides to accept higher taxes and democrats to is emmore spending costs especially on entitlements. >> we're going to have to push a white house on health care, push the republicans on revenue. what we have try to do do is make enough cuts in health care to slow the rat
sequester would disrupt the life of the nation. but scott, rasmussen polling is telling us 60% of the people want across the board spending cuts and believe that lower spending is the key to the economy. we've got ourselves smart voters and a dumb white house? is that possible? >> well, president obama has said we need a balanced approach. the only balance he seems to be interested in is raising revenues. and voters get that. when obama got elected he ran with a campaign plank of turning around the economy with a balanced approach, with meaningful cuts and some sort of at least faint turning around some of these entitlements programs. he's done nothing of the kind and people are seeing it. they're look at this 2% gdp growth as a new normal, larry. >> new normal. not producing enough jobs. hang on. we'll see you later on. >>> the snow could not knock stocks down today or even dent this rally. woe finished higher again. the s & p even touched another 5-year high. but what about apple's cash? and what about the threat of a world currency war? we're going have to talk about that all next up. >>>
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Search Results 0 to 18 of about 19

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